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The three-year summaries of income statements and balance sheets in the following pages are about three quintessentially British icons. The first, Cadbury plc, is the second largest candy maker in the world after Mars of the USA; as well, Cadbury ranks right after global leader Wrigleyâs in chewing gum (Hoover...
Management refers to the process through which an organization organizes and distributes its available resources efficiently and effectively so as to meet the set objectives and goals. A management system is deemed effective if it efficiently leads, controls, plans and monitors all the activities and resources of that given organization....
Introduction Outsourcing is a term that is used to describe the venture of an organization to subcontractor give work out to another company for reasons related to cutting costs or maintaining a flexible workforce. Outsourcing ventures arise as a result of strategic management decisions within an organization (Al- bulushi, 2009)....
Introduction Assembly manufacturing has been fast integrating into engineering production. Although many benefits such as fast and efficient production of parts have emerged from assembly manufacturing, a major challenge that is inherent in assembly manufacturing is inventory control. Fortunately, Material Requirement Planning has emerged as an important tool that has...
Introduction A supply chain is the total of all the stages involved in delivering a product to a client or customer. Traditional supply chains are mainly static in nature this is because they are based on long-term relationships between business partners. Modern supply chains are considered virtual in state, as...
How MRP Works An MRP system defines a materials requirement planning tool used in operations management. Comprehensively, an MRP system is a computer-based tool used in inventory management where operation managers assign and reassign stocks or materials in the inventory department (Enotes 1). In defining the way MRP works in...
Introduction Enterprise Resource Planning is a computer-based system used for integrating internal and external information management in an organization and it encompasses manufacturing, accounting, services, and sales among other sectors in the organization. The system automates all these activities using an integrated computer-based application. It promotes to ensure the multilateral...
Introduction Working capital management is a very delicate and risky thing to do. A manager has to deal with the daily cash of its company and needs to balance things like collections, disbursements, future events, borrowing, bad debts and loan repayment all at the same time. The situation with the...
Introduction This paper seeks to evaluate three corporate strategies of Wal-Mart whether they would contribute to the shareholdersâ wealth maximization objective of the company. Wal-Mart is a US-based Company and has its stores in many parts of the US and maybe characterized to have been engaged in bigger markets than...
Information technology often denoted as âITâ is the management of information by the use of computers. It entails the application of computer technology in business arena. It is an automated process that has replaced the old mutual method of handling information in an organization. It enables businesses to electronically collect,...
Increasing the speed of cargo handling in a port terminal is supposed to be a priority of every port manager. As a government auditor who is determined to correct cargo-handling issues at a port, I would propose to the terminal manager to embrace several strategies to curb the problem in...
Introduction Skype is a brand of eBay incl. which was founded in 1995 as internet platforms providers. eBay serves hundreds of millions worldwide providing them with e-commerce and communications services. Skype is software that enables people across the globe to make online conversations (Galante, 2010, p.1). eBay acquired Skype in...
Project Planning and Goals For relocation of ABCD to be successful all stakeholders concerned should be involved. The stakeholder include; the shareholders, employees, customers, the project manager, and project team. The needs of these stakeholders shall be established through interviews, questionnaires, observation, and background reading. The goal of this project...
Thirty year old Mrs. Sally Marek has presented with nausea, vomiting, drowsiness and confusion following her chemotherapeutic treatment for breast cancer. She has been admitted with dehydration due to poor consumption of food and drink. Her current health problem is Fluid Volume Deficit. The accompanying clinical features are a decreased...
Introduction One of the main companies which operate single jet aircraft between San Francisco and the Fiji is Westcoast Air Co. On Mondays and Thursdays Flights leaves to San Francisco and on Wednesdays and Saturdays it depart from Fiji. Due to certain reasons more flights between San Francisco and Fiji...
Financial performance of Horniman Horticulture Horniman Horticulture (HH) has been growing consistently in revenues, profits, and value. In fact, many key financial indicators point towards sustainable growth. The return on assets (ROA) is greater than the industry benchmark ratio, indicating that the company is utilizing its financial resources for maximum...
Activity based costing Activity based costing is a superior cost estimation and allocation method since it allocates specific costs t a certain product not only in batch numbers but also in units form. Competition Biking Company should consider using the method for budgeting and pricing strategies. The method offers a...
General description Dominoâs Pizza is the second largest company in the United States to create pizza. The company was founded and published by two brothers (Tom and James) in the sixties. Tom and James happened to buy a machine. This machine was called Dominickâs. They managed to run their business...
Abstract The paper consists of a case study âsell off may soothe investors painâ, the Mayne Group Company is headed for a demerge of its two pharmaceutical and healthcare subsidaries. The management of the Company is woried that the fast gowing pharmaceutical subsidiary is affected by conglomerate discount, this has...
Most call centers have sales, support, and customer service functions. In many organizations, you will find this department has a large number of staff as compared to other departments. This being one of the most crucial departments within an organization, it is of paramount importance that the activities within this...
Due to changes observed presently in the global economy, adjustment strategies and, particularly, the development of a resilience mechanism, is needed. Given the outcomes of the financial analysis performed recently, the company will be seeing certain challenges in the nearest future. Specifically, the fact that Rolls Royceâs ROCE has dropped...
To save money, Wicked Widget have decided to pay employees per widget produced, rather than per hour spent working. They are sure that this policy will lead to gains not only in terms of efficiency – that is, less cost to the company and fewer employee minutes per widget –...
Executive Summary The objective of having an efficient costing system is to arrive at the cost and profitability of the individual unit of product or service manufactured. The system also enables the managers to have a close monitoring of the performance of the divisions by comparing the actual results with...
For a long time, profit maximization was considered as the main management goal. However, it did not give the possibility to maximize the use of the economic potential of the corporation, as, in the pursuit of momentary profit, leaders do not think about future development prospects. As the economic situation...
Introduction and Case Background BL is planning to undertake a project that will replace the existing cranes or repair the existing ones. After analyzing the two options the company should decide on the decision to make that is either maintain or repair the existing cranes or replace them. Capital Expenditure...
A pension is a steady income provided to a person usually after his retirement made in the form of guaranteed annuity payments to a retired employee. Some other types of retirement plans are designed in such a way that accumulated cash balance is provided to the retired employee. This cash...
Abstracts The trend of investing in the financial market is an important opportunity for individuals in terms of saving and making money from their income. But the financial market is very volatilising and unfortunate with a risky environment. Thus a huge number of financial consultancy firms are growing up but...
The employee selection and retention process are considered one of the most critical aspects of creating an effective working environment in an organization as a whole. In a competitive environment, enterprises with the most qualified, trained, and motivated personnel always win, as they do not skimp on energy and resources...
Policies employed by the company to improve job performance include: Effective discipline and punishment Positive reinforcement Basing rewards on performance Treating people fairly Restructuring jobs Satisfying employees needs Setting work-related goals With the policy of effective discipline and punishment, this is attributed to the Traditional theory âXâ which is best...
The assignment focuses on the financial statement analysis of both BP and Shell companies. The focus of this research is to evaluate the financial performance of both Shell and BP Company. The research centered on the major financial statement ratios. Based on financial statement ratios, BP did financially better than...
Introduction Diversity brings about the prime challenges in an organization hence the need for a major shift in the day to day running of any successful organization. Organizations need to accept change, value the change, work with it and learn to live with it (Laroche & Rutherford, 2006). The way...
The recession has forced the organizations of almost every industry to reduce their costs, increase their profit margin, gain efficiency, and maximize their value-creating potential. Of course, the prices of the products and services fluctuate due to the change that is incurred in the development and provision of those products...
Introduction A Financial market is a very paramount system that enables people to trade financial securities. In addition, it also trades commodities like agricultural goods and fungible items like currencies and crude oils at relatively transaction outlay and at reasonable prices in an efficient market hypothesis. Financial markets have grown...
Introduction It is deemed necessary to consider the nature of the financial systems of two Asian countries â Japan and China and dwell on how this has impacted the behaviour and performance of these two countries. Japanese financial systems The first country of choice is Japan. It is seen that...
The development of the current society shows that people have refused to pay cash even buying a cup of coffee. Moreover, they are reluctant to use usual credit cards since they are limited in possibilities. So, that there is a force coming tendency of using prepaid credit cards. Speaking about...
There are several factors that should be considered in the new lease agreement between the lessor and the lessee. As the lessee is seeking for a longer lease period than provided for by the lessor, the lessor should factor in various issues before signing the new deal. One of the...
Introduction The relationship between capital structure and dividends policy in Saudi companies is often regarded to be one of the most crucial matter for those who are planning to start running business in Saudi Arabia, or for those who are dealing with Saudi companies, and would like to know more...
What is CDS? A credit default swap (CDS) is âa contract that provides insurance against the risk of a default by a certain firm,â (Hull, 2006, p. 67). The firm that issues CDS is referred to as the reference entity whereas the default is referred to as a credit event....
Nowadays it is not a must for spouses to have a common savings account. Savings accounts are managed by private financial organizations and are strictly used for investments. This is because debts that have not been paid by one party may affect the couple. By having a separate personal account...
Introduction Overview Establishments offering Islamic banking services comprise a noteworthy and rapidly growing share of the overall financial system in several nations (Rose & Hudgins 27). Since the commencement of Islamic banking and finance (IBF) in the decade of the 1970s, the number and reach of Islamic banking establishments globally...
Internal control involves a collection of processes and systems established within an organization to ensure the smooth running of the organization. It has a couple of objectives such as ensuring that the resources of the organization are appropriately utilized; without occurrences of fraud, waste and inefficiency, ensuring that the operations...
The business world has witnessed several massive frauds during the 21st century. Foremost among them is the Enron debacle of 2001 {which resulted in one of the Big Five world auditors, Arthur Andersen LLP, being obliterated from the world scenario}, the WorldCom scandal of 2005, and the recent sensational collapse...
Literature Review Money laundering is one of the organized crimes of modern times that all economies in the world face (Henry & Sills 2006, p.263). There are many varied definitions of money laundering that have been advanced to understand its organization, execution, and its effect on the economy. However, the...
Introduction Liquidity refers to the ease with which a firm can sell its assets for cash to meet its obligations. Eljelly (48) has clearly defined liquidity as the capability of a business enterprise or a firm to meet its financial obligations when required. Liquidity acts as a measure of individualsâ...
Balance sheet The balance sheet of financial intermediary has the following features. 2008 Cash & balances with reserve bank xx Due from other banks xx Investments xx Loans and advances xx Investment in associates xx Net Property, Plant & Equipment xx Other Assets xx Total Assets xx Due to banks...
Introduction Recruitment and selection have become fundamentally important concerns for employers globally in large part because of considerable shifts in emerging technologies, nature of the labour market, sources of recruitment, job expectations, modern job philosophy, and competition in the market, among other factors (White & Escobar, 2008). Increased specialization and...
Introduction Information systems consist of an organized network of people and infrastructure that aid in decision making. The infrastructure includes both hardware and software. Scholars have classified information systems into five major categories. These categories may sometimes overlap in some businesses. They are office automation, transaction processing systems, knowledge management...
Accounting influences the decisions of the accounting report users. The essay focuses on the theoretical framework for accounting. The accounting theory writers continue to spend years learning the main purpose of accounting in its varied ways and forms. Contemporary debates in the essentially subjective field of accounting revolve around the...
Introduction The process of planning is an integral part of effective management. In this respect, consideration of revenue and collection cycles is used in different areas of business related to healthcare services and manufacturing. The focus of the present paper is the analysis of revenue and collection cycles as suggested...
Introduction International accounting standards refer to internationally accepted guidelines that set a certain standard of practice on all accounting-related matters. The global body that is responsible for selecting and settings this accounting standard is referred to as International Accounting Standards Board (IASB). IASB is a financial body that is given...
Chapter 1 Public accountants in America play particular roles and among these are two types of services offered by these accountants; assurance and non-assurance services. The financial statements that have been audited are required to be in line with GAAP guidelines. Among the audits conducted by these auditors are financial...
Abstract A budget is a tool that helps managers to ensure that the required resources are obtained and used effectively and efficiently as the organization moves towards the achievement of its objectives. A budget is stated in terms of money and is usually made for one year depending either on...
Job-Order Costing Job-order costing is a traditional costing method where the quantity of each production material used in manufacturing a product determines the amount of overhead, labor and material costs that are charged to that particular product. Different products require different quantities of materials and labor; some products may require...
Introduction Financial reporting is one of the legal requirements in accounting since it enables the effective creation of information for the general public. In addition to financial reporting, auditing enhances the reliability and credibility of the financial information by various parties such as investors, creditors and other relevant stakeholders. Auditors...
Introduction Auditing is one of the major and important parts in accounting and it refers to the evaluation of a company or business entity to check on different functions whether they are working appropriately. Auditing plays an important role in evaluation of business entities as well as other institutions in...
Generally Accepted Accounting Principles GAAP entails laid down as well customarily settled or accepted accounting principles. There is no standard set of policies and procedures related to GAAP. Each nation has its own developed generally accepted accounting principles. Because there are wide varieties of pronouncements that are issued providing information...
Introduction Accounting is the process of managing the resources of a company in an effective manner such that profits as well as other objectives of the company are attained. Each and every business enterprise despite their size must employ accounting procedures in its system if at all it wants to...
Introduction Accounting may be described as a practice that aims at providing essential information to the managers and other senior officials within the organization. The managerial accountants are in this case required to compile regular reports which show the performance of the respective departments within the organization. The overall aim...
Introduction An innovation can be defined as an idea or practice considered as new by an individual or organisation. It might either be an entirely different approach in handling issues or an improvement of the present case. Zaltman, Duncan & Holbeck (1973) expounded innovation to not only include new ideas,...
Introduction Akroyd, (2008) defines Management Accounting Innovation as an idea considered as new by the organization that adopts it. Such an idea serves as a basic principle for information systems that assist managers in making decisions aimed at achieving the organizationâs goals. Management Accounting Innovation is therefore the basis of...
Business decisions and actions have significant impacts on society and can cause collateral damage if they remain unchecked. Many organizations focus on financial concerns, exercising an individualistic ethic of selfish gain (Kang & Namkung, 2018, p. 1140). A growing body of literature purports that business effectiveness calls for a more...
Introduction Background information ACME is a multinational enterprise (MNE) with operations in the United States, Asia and Europe. The firm deals with the manufacture of integrated portable computers. In designing the computers, the firmâs engineers are dedicated to ensuring that these computers are designed and produced according to specification (ACME,...
Introduction Bob’s Fish and Chips will be operating as a fast-food restaurant in Cambridge UK, providing a combination of great food at competitive prices, served in a cozy atmosphere. The restaurant will meet the demand for snack-type of fast food, which will be consumed when the tourists visiting Cambridge do...
Introduction TTWO is a company that acts within the sphere of electronic entertainment and is regarded as one of the leaders of the sphere. Originally, as it is stated in the report by the company: “Take-Two’s product offerings include titles for the leading hardware platforms â PlayStation computer entertainment systems,...
Executive Summary Bridge Quay Pasta Palace Pty Ltd.âs application for loan with SayBank Bank is recommended as the company is found to be highly profitable, highly liquid and appears to have a good financial condition as revealed by the financial analysis of the company. The purpose of this paper is...
Introduction Golden Agri Corporation is a growing company in the far east of Asia that has established itself as a strong presence in Singapore and in China to some extent. The performance of the company has been seen to be competitive in the region which has allowed it to sustain...
Executive summary The Westfield Group is an Australian company that deals in the area of Real Estates Investment Trusts. The analysis of annual reports of this company for fiscal years 2008 and 2009 reveals that The Westfield Group experienced considerable changes in its performance results over this period and, although...
Coop Experience My co-op experience of 28 months has been truly a learning experience in the Saudi Telecom company located in Saudi Arabia. Since our main field of study was financed, we did research on the Saudi chambers of commerce, its activities, scope and the financial evaluation of Saudi Telecom...
Introduction This report is made for Bagpuss Import Ltd, a company that is in the business of wholesale of a new brand of ginger ale which is imported from New Zealand for distribution in Australia. It is a new business and we are to make a budget for the past...
Introduction Slick Jimâs Used Cars sells pre-owned cars with the business managed by the owner Jim Slick and five other employees. Although the company is making profits, there is concern about the earnings not meeting the expected levels. One of the reasons identified for lower profitability is the practice of...
Purpose and Scope of Study Bandon Group has been a family owned business that has traditionally dealt with distribution of office machines. The company has offices spread out in Portland, Salt Lake City, Utah and Phoenix. The purpose of this study is to analyze Bandonâs group prevailing information systems and...
Hutchinson Whampoa (HW) uses a mixture of debt and equity financing (exhibit 2), where the proportion of debt is almost less than 30 percent of capital employed, hence a low debt-to-equity ratio. Since the firm currently employs low financial leverage, the return on capital is likely to be minimal (Brigham...
Historical overview of Super Cheap Auto Group Limited Super Cheap Auto Group Limited was founded in 1972 as an automotive accessories mail order business. The company established retail operations in 1974. In 1981, the name was changed to Super Cheap Auto. By 1993, the company had eight retail stores across...
This task deals with the issues of occupational health and safety management systems of CBI Constructors Pty Limited, located in West Perth, Australia. This company is one of the leading engineering, procurement and construction companies and is on the list of the top fifty construction companies of Australia. Federal and...
Introduction Business Process Management (BPM, is an organizational leadership model that focuses on the alignment of the entire operations by the requirements of the customers. On the other hand, Business Process Management System or BPMS is the tool that enables the implementation of BPM and helps in automating the methodologies,...
Quality Policy of Hilton Sydney Hilton Sydney is one of the reputed five-star hotels belonging to an international chain. The hotel has gained a reputation for the high quality of accommodation and food it serves to its customers. In addition, it provides the highest satisfaction to all those clients who...
Introduction Project governance generally refers to all rules and regulations which must be adhered to for the successful completion of a project irrespective of the type of project. Information Technology (IT) project governance, therefore, entails rules and regulations which are followed or observed by the IT project managers and teams...
Literature review Enterprise Resource Planning (ERP) generally refers to the application of a computerized system in the management of resources in the organization. The resources here include assets, finances, human resources as well as inventories. Efficiency in the management of these resources is critical in the overall performance of the...
Introduction Budgeting is an important management tool that is applicable in all organisations despite their size, location, type or any other differing factor. The main aim of budgeting is to help in planning and decision making of whatever kind in the organisation. Budgeting generally entails preparation of forecasts on the...
Abstract There is a general agreement that the prevailing system of taxation is a total failure which has led to a decline in the national growth while at the same time permitting the political class of people, who are well-connected to stage-manage the system so as to obtain special breaks...
Introduction Accounting information is of great essentiality to any form of business organisation. This is because it is primarily used by the management to evaluate the progress and success of the organisation. Accounting information has to have four basic qualitative characteristics which include; reliability, comparability, relevancy and consistency (Eisen, 1999,...
Introduction Analyzing accounting as a science, a question might arise in whether to consider it as an objective subject. Taking examples of other sciences, it can be seen that their objectivity is derived from the way a theory is derived from the facts. For example, the inductivists argue that the...
Introduction Lease is a significant question in the accounting as from the type the lease, which is obtained, a lot of factors depend, both the costs of the company and the incomes of it. The changes in the lease policies have occurred recently, and the new codifications, which are implemented...
Introduction, Definition, History and Importance Accounting standards are founded on the institutional theory of governance that de-emphasizes the self-interests of individuals in favor of institutional interests. The theory holds that organizations operate within established norms, values, and assumptions that determine what is acceptable and what is not (Carpenter et al.,...
Abstract The management accounting profession has quickly evolved in recent years as managers seek ways of improving a companyâs competitiveness. Traditional accounting methods may no longer serve in the same capacity in modern-day businesses. Companies have recognized the need for investing in product improvements, efficiency in operations, and competitive advantages....
Accounting principles board issued âaccounting for stock compensation to employeesâ opinion number 25 which required that compensation in form of stocks be recognized using intrinsic value and this gives an option not recording in the books if stocks have an option of getting money in future. In the year 2004...
Introduction This paper intends to prepare trend analysis and financial ratios from a minimum of four years for the Woolworths Limited (or âWoolworthsâ) under the food distribution and convenience stores industry (Reuter.com, 2009). This will therefore assess the companyâs profitability, assets efficiency, liquidity, and capital structure and market performance for...
Management accounting and financial accounting both play a role in the development of a robust environmental policy that will contribute to longer-term organizational success. Introduction Management accounting is defined as the âidentification, collection, analysis, internal reporting and use of information on material; and energy flows, environment costs and other costs...
Introduction Since America got independence, the government has been constantly regulating business practices through accounting procedures. The importance of effective accounting regulation procedures is one of the primary reasons for the establishment of the federal government, but since then, the government has lagged behind in regulating business practices after there...
Introduction There is a connection between reporting accounting standards adopted by various accounting bodies and the listing of companies in stock exchanges. In the modern world, most companies are listed in more than one stock exchange and they operate in many countries. This calls for the use of uniform standards...
Introduction The chapter under consideration is called International Financial Statement Analysis and is written by Choi and Meek. In this chapter, the researchers investigate the difficulties in evaluating business strategy analysis as well as main approaches to data collection; they also describe six approaches to carrying out an accounting analysis,...
Introduction Custom Snowboard Inc. is a Delaware company that trades publicly on Midwest Stock Exchange. The company deals in the manufacture of quality, durable and reliable snowboards to the market. The financial performance of the company has been good for the past three years making the company with the need...
Introduction Fujairah Building Industry (FBI) is a public joint-stock company that was set up in Fujairah, which is owned mainly by the government of Fujairah, department of industry and economy. It was established in 1978 to provide high-quality blocks and interlocks within the United Arab Emirates. Since then, the company...
Executive Summary Perisher Blue is a tourist resort that was incorporated in the year 1995, and it is a combination of five plants that bring different factors in the whole group. The different plants are Perisher Valley, Smiggin Holes, Mount Blue Cow, Guthega, The Station, and the Skitube alpine railway....
FedEx follows the marketing strategy, which combines âcustomer intimacy, operational excellence and product leadership customer value propositionâ. According to Noreen, Brewer and Garrison (2008), firms who follow customer intimacy strategy as the ones, who draw customers by meeting the customer demands through a better understanding than the other players in...
Introduction Citigroup is a public limited company. This was formed after a merger in 1998 of Citi corp. and Travelers Group. The company has shareholders traversing several countries and has branches in over 100 countries across the globe. The company has been greatly expanding although it has equally been forced...
JCAHO is an organization that accredits health care institutions for a fee and sets standards for them in the United States. Now known as the joint commission the organization has made great efforts to improve the overall national health care by evaluating and monitoring the institutions that are providing quality...
Executive Summary David Jones is an Australian company that deals in the area of department store retail trade. The analysis of annual reports of this company for fiscal years 2008 and 2009 reveals that David Jones experienced considerable changes in its performance results over this period and, although its nominal...
Introduction The performance of any business entity is of great importance. Different parties have different interests in the business and hence require a sound basis on which to evaluate the business performance which helps them make informed decisions. Investors are greatly concerned about the performance of the company as this...
Introduction According to (Blumenfeld, 2003), Kaiser Permanente is a health organization in California that was started in 1945 and provides services to eight regions with each comprising of three or two legal entities. Two organizations are operating in each region one offering health plans in prepaid terms to employees, individual...
An analyst uses quantitative techniques to collect and evaluate measurable data about a company. Tesla is a car manufacturer based in the United States, which produces all-electric plug-in vehicles (“About Tesla,” n.d.). The company has faced issues with managing the demand and its production capacity since the manufacturer was unable...
Overview Western Region Water Corporation (Western Water) is amongst the thirteen regional, urban water companies positioned in Victoria, Western Australia. Western Water is a government-headed firm that provides superior products and services to the Western expanse of Australia. Since its founding in 1996, it provides water, drainage, sewerage as well...
